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Consolidated Statements Of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 8,646,000 $ 12,285,000
Adjustments to reconcile net income to net cash provided by operating activities:    
(Release of) credit losses (276,000) (1,450,000)
Depreciation 660,000 706,000
Amortization of intangible assets 38,000 46,000
Deferred income taxes 303,000 (577,000)
Net amortization of securities premiums and discounts 221,000 457,000
Net realized gain on sales of securities   209,000
Earnings and proceeds on life insurance policies (520,000) (442,000)
Gain (loss) on sales and write-downs of fixed assets and foreclosed real estate owned, net (32,000) 177,000
Net amortization of loan fees 297,000 272,000
Net gain on sale of loans (42,000) (10,000)
Mortgage loans originated for sale (2,360,000) 1,234,000
Proceeds from sale of loans originated for sale 2,402,000 (1,224,000)
Compensation expense related to stock options 175,000 191,000
Compensation expense related to restricted stock 207,000 224,000
(Increase) in accrued interest receivable (206,000) (359,000)
Increase in accrued interest payable 2,819,000 4,448,000
Other, net 1,024,000 38,000
Net cash provided by operating activities 13,356,000 16,225,000
Securities available for sale:    
Proceeds from sales   3,345,000
Proceeds from maturities and principal reductions on mortgage-backed securities 29,321,000 15,223,000
Purchases (23,990,000)  
Purchase of regulatory stock (4,684,000) (11,168,000)
Redemption of regulatory stock 5,559,000 8,662,000
Net increase in loans (38,824,000) (104,543,000)
Proceeds from bank-owned life insurance 838,000  
Purchase of bank-owned life insurance   (2,000,000)
Purchase of premises and equipment (1,087,000) (268,000)
Proceeds from sales of foreclosed real estate owned 109,000 195,000
Net cash used in investing activities (32,758,000) (90,554,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 16,013,000 4,270,000
Net (decrease) increase in short-term borrowings (11,741,000) 19,075,000
Repayments of other borrowings (36,149,000) (20,313,000)
Proceeds from other borrowings 60,000,000 80,000,000
Stock options exercised   334,000
Purchase of treasury stock (580,000) (3,077,000)
Cash dividends paid (4,866,000) (4,737,000)
Net cash provided by financing activities 22,677,000 75,552,000
Increase in cash and cash equivalents 3,275,000 1,223,000
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 66,120,000 31,866,000
CASH AND CASH EQUIVALENTS, END OF PERIOD 69,395,000 33,089,000
Cash payments for:    
Interest on deposits and borrowings 22,154,000 8,764,000
Income taxes paid, net of refunds 657,000 3,502,000
Supplemental Schedule of Noncash Investing Activities:    
Transfers of loans to foreclosed real estate and repossession of other assets 798,000 988,000
Dividends payable $ 2,427,000 $ 2,340,000